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    99 Cumberland St Woonsocket, RI 02895
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    Property profile & analytics

    99 Cumberland St Woonsocket, RI 02895

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    • Investment properties
    • 10,436 SF
    • 0.35 lot acres
    For Sale
    $1,100,000
    View Listing →
    Woonsocket Funeral Home For Sale For Sale
    $1,100,000
    16,332 SF

    Woonsocket Funeral Home For Sale

    Four-story, 16,332 SF funeral home on 1.26 acres.

    99 Cumberland St, Woonsocket, RI 2895
    View Listing
    Property ID
    US76-0150639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Darling Renee E / Social Service Agency
    • Fournier Arthur V Funeral Director / Social Service Agency

    Property Details for 99 Cumberland St

    Year built
    1937
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    10,436 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WOON M:22C L:62 U:20
    APU
    WOONM22CL62U20

    Description

    Exceptional investment opportunity: a four-story, 16,332 square foot funeral home situated on a 1.26-acre lot in Woonsocket, Rhode Island. This substantial property, located at 99 Cumberland Street, is zoned C-1 (Commercial) and offers a multitude of features including multiple service rooms, a dedicated office area, and a basement encompassing preparation space and ample storage. The lower level also includes car storage and repair capabilities, enhanced by five cross-bay garages equipped with ten overhead doors. Adding to its versatility, the property includes two residential units. Its convenient location just south of the Massachusetts state line provides easy access to a wider market. The asking price for this unique property is $1,100,000. This presents a rare chance to acquire a well-established and versatile commercial property with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,178,000
      Market price range: $619k - $1.94M
      AI Estimate
      $893,000
      Market price range: $526k - $1.47M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,240,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5022
    Latitude
    42.0071
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $79,300
    $612,700
    $692,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation by Request
      2,624 SF

      837 Cumberland Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,624 SF
      837 Cumberland Hl Rd, Woonsocket, RI 02895-5611
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    • Value Estimation
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      1,154 SF

      106 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,154 SF
      106 Main St, Woonsocket, RI 02895
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    • Value Estimation
      $585,000
      0.11 Acres

      446 Coe St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.11 Acres
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    • Value Estimation by Request
      0.14 Acres

      180 Ave C C

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      180 Ave C C, Woonsocket, RI 02895-6209
      View Details
    • Value Estimation by Request
      3,435 SF

      42 Blackstone St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,435 SF
      42 Blackstone St, Woonsocket, RI 02895
      View Details

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      Woonsocket Mixed-Use Corner Property

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      8,428 SF

      Woonsocket Funeral Home with Apartment

      Three-story funeral home with residential apartment for sale.
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      View Details
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      Mixed-Use Property with Development Potential

      Seven-unit mixed-use property with land for expansion.
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    Similar Nearby for Lease

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      56,950 SF

      Woonsocket Retail Space Available

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    • $8 SF/Yr
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      Prominent Corner Retail Space Available

      Retail space with high visibility and flexible layout options.
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      Woonsocket Commercial Building For Lease

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      Spacious Retail Opportunity on Park

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    View Listing
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    Woonsocket, RI 02895
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    99 Cumberland St, Woonsocket, RI, 02895
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